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Home›US Markets›M&A & Deals›Robinhood gains a new underwriter role for the Oura IPO

Robinhood gains a new underwriter role for the Oura IPO

The added underwriting role could increase Robinhood's influence over how many shares get allocated to its customers in the Oura offering.

Reported · Written up by our desk · M&A & Deals

The Wall Street Journal Markets says Robinhood is set to take on a new, official role in the Oura IPO process as an underwriter.

The outlet notes that participating as an underwriter may give Robinhood more influence over the number of shares allocated to its customers.

By expanding its involvement beyond trading and access into the deal process, Robinhood could play a larger part in determining how the IPO is ultimately distributed among customers.

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Sources

WSJ MarketsRobinhood Wins a New Role in the Oura IPO: Underwriter

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